Downstream

A tour of Ibadan town the capital of Oyo State, has revealed that hawkers of PMS popularly known as petrol, are in different parts of the town, selling five litres of the product for N2,500 and four litres for N2,000. Motorists and…
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The Nigeria National Petroleum Corporation Limited has commenced loading of trucks at all depots to clear current scarcity experienced across the country. The Nigeria National Petroleum Corporation Limited added that there was…
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The Nigeria Union of Petroleum and Natural Gas Workers (NUPENG), says its members will not lift products for depot owners selling Petroleum Motor Spirit (PMS) above official depot price of N148.77. NUPENG’s Secretary General, Mr…
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•Sells at N400/litre at black-market •We’ve adequate supply — FG  •NUPENG directs members to compile names of marketers hoarding PMS, increasing depot prices  Despite the Federal Government’s promises that petrol scarcity would…
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The ongoing conflict between Russia and Ukraine may extend the almost three week shortage of Premium Motor Spirit, also known as gasoline, in Nigeria, since the bulk of refined products entering the country from the warring zone and…
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The Nigerian National Petroleum Company, Limited has again promised to normalize the petrol supply situation soon. In an update of petrol supply situation last night the Company said it is working in concert with depot operators and…
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As the scarcity caused by withdrawal of methanol-blended petrol into the country eases off, the Nigerian National Petroleum Company Ltd has released details of how it distributed a total of 387.59 million litres of Premium Motor Spirit…
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Indications are rife that official price of petrol would rise above N200 a liter following a N500,000 Ship-to-Ship Coordination Charge for each transshipment operation for petrol, introduced by the Nigerian National Petroleum Company…
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The House of Representatives Committee on Petroleum Resources (Downstream) has commenced investigation into the importation of methanol-blended Premium Motor Spirit into the country. The House of Representatives had on February 10,…
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Group Managing Director of the Nigerian National Petroleum Company (NNPC) Ltd, Mallam Mele Kyari, appeared before the House of Representatives Committee on Petroleum (Downstream), Thursday, to explain steps being taken by the…
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